4Stop has integrated its KYC and risk management technology with draglet, a blockchain and cryptocurrency software provider.
With Blockchain and Cryptocurrencies continuing to grow in adoption, the regulatory requirements for businesses are expanding and evolving. Through a single integration into 4Stop’s all-in-one KYC and risk management technology, draglet claims to have enhanced its software solutions with KYC, compliance and anti-fraud technology.
4Stop provides draglet with hundreds of global KYC data sources for maximum KYC coverage worldwide with premium real-time performance and cascading KYC verification technology. It has also tapped 4Stops’fraud prevention software, which encompasses a powerful, fully customised, multi-faceted rules engine, real-time monitoring and intelligence, rich database management and data science.
“With the bright future for Blockchain technology developments and digital currencies, we are thrilled to be integrated with draglet and to fully support their KYC, compliance and anti-fraud needs to further enhance their technology and are excited to see them continue to grow and develop innovative Blockchain and cryptocurrency software solutions,” states 4Stop CEO, Ingo Ernst.
Based in Munich, Bavaria, draglet provides numerous Blockchain and cryptocurrency software solutions to support the eco-system. It provides Bitcoin white-label exchange software, ICO implementation, smart contract development and more.
4Stop provides fully integrated analytics with a wide range of KPI dashboards, platform filters, notifications and detailed reports. The company has integrated 400-plus automated KYC data sources to provide global KYC coverage, enabling users to be 4MLD and PSD2 complaint through one integration. Its fully stacked KYC data services claims to remove the cumbersome process of obtaining KYC required as regulatory compliance updates.
The solution includes geo check, bin check, breached email check, physical address check, phone ID check, bank account check and CPF check. It also provides a Compliance Watchlist, enabling users to screen customers on global sanctions databases including the FATF, OFAC, AML/CTF, PEP, RCA and SIP in real-time to reduce exposure and risk.
The single API integration also provides one consolidated view of risk, layered with leading-edge anti-fraud tools to streamline operations, and improve reaction times and maximise revenues.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
